Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your...

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Transcript of Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your...

Page 1: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed
Page 2: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

Cloud CMA

COMPARATIVE MARKET ANALYSIS

1600 North Alvarado Street, Los Angeles, California 90026

PREPARED FOR

Young & Du KimMARCH 14, 2018

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

Page 3: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

INTROCloud CMA

WHAT IS A CMA?

No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That’s wherethe comparable market analysis, or CMA, can be useful.

What is a CMA?The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood andprice range. This information is further sorted by data fields such as single-family or condo, number of bedrooms, number ofbaths, postal codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellershave determined through past sales, pending sales and homes recently put on the market.

How is the CMA created?CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS isavailable to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to theservice’s public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLSmembers.

Listing agents generate CMAs for their sellers, and buyer’s agents create them for their buyers so both sides know whatcurrent market conditions are for the homes they’re interested in comparing.

How accurate are CMAs?The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be renderedobsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing –new listings, pending sales, closed sales, price reductions, and expired listings.

CMAs can vary widely, depending on the knowledge and skill of the person inputting the search parameters to the software aswell as the number and type of data fields that are chosen. That means some features may not be included.

As informative as the CMA is, it should only be used as a tool and should not substitute for your real estate professional’sknowledge and advice.

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

Page 4: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

INTROCloud CMA

MAP OF ALL LISTINGS

MLS # Status Address Price

0 Subject 1600 North Alvarado Street, Los Angeles, California 90026

1 17-281736 S 1801 MONTANA ST $980,700

2 17-282552 S 1762 GLENDALE $1,088,000

3 17-271374 S 1549 PARMER AVE $985,000

4 18-306712 P 1625 N ALVARADO ST $999,000

5 17-279012 A 1821 1825 ECHO PARK AVE $1,199,000

6 18-306998 A 1721 MORTON AVE $999,000

Status: S = Sold, P = Pending, A = Active

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

Page 5: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

INTROCloud CMA

SUMMARY OF COMPARABLE PROPERTIES

Sold Listings

Address Beds Baths YrBlt SqFt Lot Size Price Sold Date

1801 MONTANA ST 3 3.00 1939 2,076 4,101 $980,700 12/21/17

1762 GLENDALE 3 3.00 1914 1,943 7,475 $1,088,000 1/29/18

1549 PARMER AVE 3 3.00 1929 1,809 2,142 $985,000 12/22/17

Averages 1,942 4,572 $1,017,900

Pending Listings

Address Beds Baths YrBlt SqFt Lot Size Price Sold Date

1625 N ALVARADO ST 3 2.00 1921 2,648 5,702 $999,000

Averages 2,648 5,702 $999,000

Active Listings

Address Beds Baths YrBlt SqFt Lot Size Price Sold Date

1821 1825 ECHO PARK AVE 1 1.50 1921 2,351 $1,199,000

1721 MORTON AVE 3 3.00 1911 2,312 4,203 $999,000

Averages 2,312 3,277 $1,099,000

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

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ANALYSIS

Sold Listings

Number of listings 3

Lowest price $980,700

Average price $1,017,900

Highest price $1,088,000

Avg price per sqft $526

Avg DOM 82

Pending Listings

Number of listings 1

Lowest price $999,000

Average price $999,000

Highest price $999,000

Avg price per sqft $377

Avg DOM 13

Active Listings

Number of listings 2

Lowest price $999,000

Average price $1,099,000

Highest price $1,199,000

Avg price per sqft $432

Avg DOM 101

Cloud CMA

COMPARABLE PROPERTY STATISTICS

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

Page 7: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

ANALYSISCloud CMA

SOLD PROPERTY ANALYSIS

Address List Price Sold Price % of List Price DOM $ per Sqft

1801 MONTANA ST $995,000 $980,700 98.6% 56 $472

1762 GLENDALE $1,050,000 $1,088,000 103.6% 95 $560

1549 PARMER AVE $975,000 $985,000 101.0% 95 $544

Sold Averages $1,006,667 $1,017,900 101.1% 82 $526

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

Page 8: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

ANALYSISCloud CMA

SUGGESTED LIST PRICE

Analysis of the comparable properties suggests a list price of:

$985,000

Here are some other pricing factors to consider:

Low Median Average High

All listings $980,700 $999,000 $1,041,783 $1,199,000

Active listings $999,000 $999,000 $1,099,000 $1,199,000

Sold listings $980,700 $985,000 $1,017,900 $1,088,000

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

Page 9: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

ANALYSISCloud CMA

SELLERS NET SHEET

Suggested list price $985,000

Item Cost

Mortgage $0

Escrow Fees $3,255

City Transfer Taxes $4,432

County Taxes $985

Title Policy $2,805

Commission $59,100

Miscellaneous Fees $1,000

Total selling expenses $71,577

Net to seller $913,423

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

Page 10: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

INFOCloud CMA

INTELLIGENT PRICING AND TIMING

Pricing a home for sale is as much art as science, but there are a few truisms that never change.

• Fair market value attracts buyers, overpricing never does.• The first two weeks of marketing are crucial.• The market never lies, but it can change its mind.

Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can beimpacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can bedetermined by comparables - other similar homes that have sold or are currently for sale in the same area.

Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can alwayscome down later, but that’s a serious mistake.

Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range,and look for the best value in that range.

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

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INFOCloud CMA

INTELLIGENT PRICING AND TIMING

Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and exciting to buyers and totheir agents.

With a sign in the yard, a description in the local Multiple Listing Service, distribution across the Internet, open houses,broker’s caravan, ads, and email blasts to your listing agent’s buyers, your home will get the greatest flurry of attention andinterest in the first two weeks.

If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to thecompetition. Since you can’t change the location, you’ll have to improve the home’s condition or lower the price.

Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, orperhaps stage the interior to better advantage.

The market can always change its mind and give your home another chance, but by then you’ve lost precious time andperhaps allowed a stigma to cloud your home’s value.

Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

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INFOCloud CMA

SHOWINGS AND OPEN HOUSE CHECKLIST

Once your home goes on the market, real estate agents may call to show your home anytime, day or evening. Keeping yourhome "showtime" ready can be challenging, especially if you have children and pets.

Showings & Open House checklist• Eliminate clutter: Not only is clutter unattractive, it’s time-consuming to sort through and expensive for you to move. If

you have a lot of stuff, collections, and family mementoes, you would be better off renting a small storage unit for a fewmonths.

• Keep, donate, throw away: Go through your belongings and put them into one of these three baskets. You’ll receivemore in tax benefits for your donations than pennies on the dollar at a garage sale. It’s faster, more efficient and you’llhelp more people.

• Remove temptations: Take valuable jewelry and collectibles to a safety deposit box, a safe, or store them in a securelocation.

• Remove breakables: Figurines, china, crystal and other breakables should be packed and put away in the garage orstorage.

• Be hospitable: You want your home to look like a home. Stage it to show the possibilities, perhaps set the table, or put athrow on the chair by the fireplace with a bookmarked book on the table.

• Have a family plan of action: Sometimes showings aren’t convenient. You can always refuse a showing, but do youreally want to? If you have a showing with little notice, get the family engaged. Everyone has a basket and picks upglasses, plates, newspapers, or anything left lying about.

• Get in the habit: Wash dishes immediately after meals. Clean off countertops. Make beds in the morning. Keep pet toysand beds washed and smelling fresh.

• Clean out the garage and attic: Buyers want to see what kind of storage there is.

The Essential Five-minute Clean-up for ShowingsEveryone gets their baskets and cleans up clutter. Check for hazards, like toys left on the floor. Make sure all toys, includingbicycles, are put away.

• Put pets in daycare, sleep cages or take them with you: In the listing instructions, there should be a warning if there isa big dog on premises. Buyers with allergies also may appreciate knowing in advance if you have pets.

• Turn on lights: Open the drapes, turn on lights so buyers can really see.• Give the buyer privacy: The buyer can not come to your home without being accompanied by an agent. The buyer can

assess your home more honestly without your presence.

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

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INFOCloud CMA

NEGOTIATING WITH BUYERS

Sellers today have to do more to attract buyers and offers than ever before. When offers come in, sometimes they are low orhave conditions that have to be negotiated. As a seller, you can be proactive before the offers come in to make surenegotiations are kept to a minimum and in your favor.

Negotiate by planning aheadBefore you begin negotiations with any buyer, make sure you have the upper hand by removing any sticking points inadvance.

Price your home to sell at or below current market comparables and you’ll more likely receive serious offers close to yourasking price. Put your home in spotless move-in condition, with no visible repairs needed. De-clutter your home, deep clean it,paint it and repair it, and keep it “show-ready” every day it’s on the market. Get your home inspected so you know whereissues are and can correct them before they become negotiating points that cost you money.

Buyers respond well to fair pricing and a “model home” appearance. Your buyer has less to negotiate, and will more likelymake an offer closer to asking price.

When the offer comes inBuyers sometimes test sellers with low offers, but don’t get upset or discouraged. If the offer is too low, simply have youragent return the offer with a copy of recent comparables to show that your home is priced fairly at current market value. Theywill get the message, and either come back with a reasonable offer, or move on to another home. If the offer is low, but closeto what you want, study the terms carefully, adding up possible expenses such as paying the buyer’s closing costs. Ask forthe buyer’s reasoning behind the offer to give you insight into the buyer's mindset. Could the buyer be trying to buy morehouse than he or she can afford? Could a change of financing help get closer to your price? Can you afford to help with thebuyer's closing costs if he or she will raise the offer price?

Before you agree, make sure the buyer is preapproved with a lender and working with a real estate professional. Seriousbuyers have access to the same comparables as you do, so a buyer working with a real estate professional is more likely tobe preapproved by a lender and informed of current market conditions. A full price offer doesn’t mean negotiations are over. Itcould signal that the buyer intends to negotiate a lot of repairs or refurbishing costs during the inspection period. Stay calmand reasonable.

If you’ve done your homework – priced and prepared your home for the highest, best offer, your home will sell at a fair price.

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

Page 14: Cloud CMA COMPARATIVE MARKET ANALYSIS · CMAs are generated by a computer program supplied by your real estate agent’s multiple listing service (MLS). The MLS is available to licensed

INTROCloud CMA

THE IMPORTANCE OF COMMUNICATION

If the goal of communication is to understand and to be understood, then sharing information can only help your real estateprofessional do the best job possible for you.

Your real estate professional should listen to your dreams, goals, and hurdles that must be overcome. By the same token, youshould be ready to hear and act upon the expertise and information they bring to you. With this knowledge, your real estateprofessional has a better grasp of who you are and what you want to achieve. Without it, they may be working at crosspurposes to your needs.

The key word is sharing. Share information about yourself and ask your real estate agent to share information as well.Consider how they received their training, their specialties, and how knowledgeable they are about the marketplace whereyou are buying or selling your home.

Goals: Consider your long term goals. What is your objective in buying or selling your home, is it an investment or a long-termoccupancy? Where are you planning to move? How soon?

Interests: Take into account personal interests and its locations. Do you want to be near work, near a a specific school, ornear certain amenities? What are the interests of the other members of your household? Which are the priorities when itcomes time to select a home?

Challenges: Given the current lending environment, even those with good credit face challenges when buying or selling ahome. Do you have a home to sell before you purchase? Have you checked your credit scores? Do you have a downpayment? Have you been prequalified by a lender?

Lifestyle and Preferences:The type of home you purchase can make a difference to your personal comfort. Is there a type ofarchitecture you prefer? How many bedrooms and baths do you think you’ll need? Do you prefer one or two story homes? Orthree? Do you prefer a walkable community?

There are pros and cons to every choice you make. Exploring both sides of any question or consideration can help you to trulyunderstand that you’re buying more than a condo or a single-family home - you’re buying an environment for the next fewyears at least. Good communication can help you meet your goals and avoid disappointment. Your real estate professionalwants you to be as happy and satisfied with your choices as possible. Ask your real estate professional as many questions asyou want. Ample communication will increase your likelihood of making the best choice possible for your household.

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

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INTROCloud CMA

CHOOSING YOUR REAL ESTATE PROFESSIONAL

To sell your home, you want your real estate professional to have many qualities, including experience, market knowledge,and great communications skills.

Find the Professional Who is Right for YouAsk for ReferralsYour family and friends may know a good agent. Be sure to ask what they liked and disliked about how the agent conductsbusiness, not what they are like on a personal level. Also, consult with neighbors who have recently bought or sold theirhomes, how their agents performed for them.

Seek an Agent With the Right ExperienceNeighborhood specialists have house-by-house market knowledge that is invaluable when you are comparing your home toothers. While residential agents are licensed to sell any property in the state, you want your agent to have experience with thetype of home you own whether it’s a single-family, condo, high-rise, rural property, vacation or investment property.

Interview at Least Three ProfessionalsThe National Association of Realtors® recommends that you interview several agents before making your decision. Comparetheir experience, marketing plans, networking abilities, and commission rates, with the understanding that service levelsshould and will correspond with costs.

Ask Your Potential Agent the Following Questions:Will you represent me exclusively or both the buyer and seller in the transaction?This helps you understand service levels and responsibilities owed to you as the seller.

How do you plan to market my home?The marketing plan almost always includes a listing in the local multiple listing service, but there may be other means for yourhome to be presented. Ask the agents to show you examples of their marketing materials and ads that they’ve done for otherhomes. Ask how the agent plans to market via the Internet, mobile devices, and in the local newspaper.

What is your level of experience?There's no substitute for experience, except enthusiasm. A new agent will have close supervision by the managing broker, soyou’re likely to get the same level of service as a more experienced agent. But an agent who has been through buyer's andseller's markets knows what can go right or wrong in any market and is more likely to be prepared for challenges. A moreexperienced agent will also have a network of former clients to inform about your home.

Do you hold any designations, and what are your specialties?Agents who hold designations have undertaken additional learning opportunities than those required by the state. This showsmotivation and a strong sense of professional pride.

Why should I choose you over other agents?The answer to this question should be specific including the number of years on the job, the agent's ranking (if available), thelist-to-closing price ratio, the average number of days the agent takes to sell a home compared to the general market.

Look for excellent communication skills. Hire an agent with skills that will complement your preferred methods of contact; forexample, if you like to text message, hire an agent uses text messaging. Ask your agent how frequently he will be in touchand when to expect reports about your listing.

Jos Viramontes | Keller Williams DTLA | 700 S Flower Street, Suite 2900 | Mobile: 3106636533 | [email protected] | CalBRE#:01995556

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DAVID BRAMANTE

TRANSACTION LIST (SOLD)

January 21, 2016

PROPERTY ADDRESS ZIP CODE NEIGHBORHOOD UNITS FINAL PRICE

1616 Delta Street 90026 Echo Park 16 Units $3,700,000

4221 Burns Avenue 90029 Virgil Village 28 Units $3,485,000

1419 N Poinsettia Pl 90046 West Hollywood 28 Units $3,515,000

1562 W 4th St 90017 Westlake 44 Units $3,375,000

4509 Willow Brook Ave 90029 Virgil Village 14 Units $2,750,000

745 Alturas Ln 92028 Hollywood 23 Units $2,580,000

44155 10th St West 93534 Lancaster 27 Units $2,525,000

1808 N Harvard Blvd 90027 Los Feliz 20 Units $2,500,000

267 S Union Ave 90026 Historic Filipinotown 28 Units $2,100,000

6049 La Prada St 90042 Highland Park 20 Units $2,100,000

131 S Ave 63 90042 Highland Park 28 Units $1,950,000

512 S Bonnie Brae St 90057 MacArthur Park 30 Units $1,900,000

1324 Calumet Ave 90026 Silver Lake 24 Units $1,835,000

4211 Cumberland Ave 90027 Los Feliz 5 Units $1,750,000

415 Union Dr 90017 Westlake 32 Units $1,665,000

309 S Westlake Ave 90057 Westlake 30 Units $1,660,000

14926 Dickens St 91403 Sherman Oaks 8 Units $1,550,000

5667 Fountain Ave 90028 Hollywood 8 Units $1,535,000

1141 Echo Park Ave 90026 Echo Park 20 Units $1,535,000

3729 Tracy St 90027 Los Feliz 6 Units $1,500,000

5428 Russell Ave 90027 Los Feliz 10 Units $1,410,000

407 S Bonnie Brae St 90017 Westlake 8 Units $1,325,000

208 S Westlake Ave 90057 Westlake 16 Units $1,325,000

5663 Fountain Ave 90038 Hollywood 8 Units $1,310,000

David Bramante
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5747 La Mirada Ave 90038 Hollywood 8 Units $1,310,000

4046 W 129th St 90250 Hawthorne 10 Units $1,300,000

4367 Oakwood Ave 90004 Mid-Wilshire 24 Units $1,300,000

845 N Harvard Blvd 90029 Hollywood 14 Units $1,280,000

1172 Kingsley Dr 90029 Los Feliz 16 Units $1,270,000

3740 Carmona Ave 90016 Mid-City 16 Units $1,250,000

4509 Willow Brook Ave 90029 Virgil Village 14 Units $1,215,000

1806 Montana St 90026 Echo Park 6 Units $1,075,000

1432 Echo Park Ave 90026 Echo Park 12 Units $1,050,000

1438 Wright St 90015 Downtown LA 20 Units $1,025,000

811 N Coronado St 90026 Echo Park 4 Units $910,000

4230 Burns Ave 90029 Virgil Village 10 Units $900,000

523 N Alexandria Ave 90004 Mid-Wilshire 9 Units $850,000

1715 Scott Ave 90026 Echo Park 4 Units $822,000

427 Parkman Ave 90026 Silver Lake 3 Units $785,000

237 S Westlake Ave 90057 Westlake 8 Units $760,000

608 N Rampart Blvd 90026 Silver Lake 7 Units $752,000

240 Robinson St 90026 Historic Filipinotown 8 Units $750,000

1341 Constance St 90017 Pico-Union 4 Units $725,000

1859 Echo Park Ave 90026 Echo Park 5 Units $740,000

1259 S Muirfield Ave 90064 Mid-City 4 Units $690,000

4501 Ellsworth Ave 90026 Silver Lake 6 Units $656,000

246 N Alvarado Blvd 90026 Westlake 11 Units $650,000

523 N Alexandria Ave 90004 Mid-Wilshire 9 Units $625,000

1053 S Bonnie Brae St 90006 Pico-Union 4 Units $600,000

1527 W Sunset Blvd (Mixed) 90026 Echo Park 6 Units $600,000

1141 S Union Ave 90017 Pico-Union 4 Units $579,000

1157 Bellevue Ave 90026 Echo Park 4 Units $575,000

2011 Echo Park Ave 90026 Echo Park 5 Units $575,000

1703 S Bonnie Brae St 90006 Pico-Union 7 Units $545,000

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1614 6th Ave 90019 Mid-City 5 Units $525,000

1703 S Bonnie Brae St 90006 Pico-Union 5 Units $500,000

228 N Chicago St 90033 Boyle Heights 5 Units $480,000

1701 Clinton St (Condo) 90026 Echo Park 1 Units $450,000

2419 S Dunsmuir St (SFR) 90016 Mid-City 1 Units $445,000

1141 S Union Ave 90015 Pico-Union 4 Units $345,000

1312 Laveta Ter 90026 Echo Park 2 Units $340,000

4801 S Normandie Ave 90037 South LA 4 Units $320,000

5825 Bowcroft St (Condo) Culver City 1 Units $295,000

126 N Park View St (Land) 90026 Rampart Village N/A $225,000

Totals 719 Units $80,969,000

David Bramante
David Bramante
David Bramante
David Bramante
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Resume – David Bramante – Page 1 of 3

David Bramante BRE Investment, Echo Park Keller Williams Realty, Downtown LA 700 S Flower Street, Suite 2900 Los Angeles, CA 90017 (213) 216-3754 [email protected]

Summary Over 12 years of professional experience in Los Angeles real estate sales, residential and commercial leasing, property management, and multifamily development, with knowledge in complex real estate law. Over three years managing and professionally coaching new and experienced real estate agents and brokers in Los Angeles.

Experience Managing Partner & Team Leader Keller Williams Realty Downtown Los Angeles 700 S Flower Street, Suite 2900 Los Angeles, CA 90015 (213) 797-7000 www.KWDowntownLA.com 2017 – Current

• Supervise small staff of Director of First Impressions, Agent Services Coordinator and Market Center Administrator.

• Increased accountability and efficiency of staff by introducing basic policies from the Policies & Guidelines Manual, using weekly staff meetings on Fridays, and introduction of software such as Asana for better task creation and tracking.

• Supervise over 150+ independent contractors, comprised of real estate agents and brokers. • Streamlined the training and social events of the office, removing useless events and re-focusing

the office’s agents on critically fundamental classes on researching, prospecting, networking, marketing and negotiating.

• Created a culture of learning and collaboration among the staff and agents, with events such as monthly public Los Angeles Realtors Mastermind class which encouraged the learning and implementation of important ideas from popular business books. Books included The ONE Thing, Think and Grow Rich, The Millionaire Real Estate Agent, How to Win Friends and Influence People, and SHIFT.

• Reduced expenses by reviewing annual budget with MCA and immediately canceling wasteful expenses.

• Increased revenue by re-focusing the staff and sales team on the basics of the business, by introducing productivity coaching with top 20% of agents, one-on-one coaching with top producers, public standards for remaining agents regarding office and desk rents, customized training on fundamentals, and the modification of the Mentorship Program.

• Awards: Led Downtown LA office in winning the 2017-2018 Agent Leadership Council table contest for the concept of FORD: Family, Occupation, Recreation, and Dreams.

David Bramante
David Bramante
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Resume – David Bramante – Page 2 of 3

Managing Director BRE Investment 540 N Rossmore Blvd, Penthouse 401 Los Angeles, CA 90004 (213) 375-3752 www.BREInvestment.com 2012 – 2017

• Supervise the day-to-day operations, which include brokerage, management, and leasing • Completed six development projects, with cash-on-cash returns averaging around 40% • Completed The Montana Bungalow development, selling for a record price of $3,050,000 • Have sold over $80M worth of residential and commercial properties on the Eastside • Hired and supervised a team of six full-time employees, which conducted management and

leasing • Management team managed and leased over 30 residential income properties • For in-house and client development projects, supervised the underwriting, acquisition,

repositioning and disposition Property Supervisor Fred Leeds Asset Group 3860 Crenshaw Blvd, Suite 201 Los Angeles, CA 90008 (310) 826-2466 www.FredLeedsProperties.com 2006 – 2013

• Managed family-office’s Downtown Los Angeles income properties • Handled the day-to-day operations of the company’s largest commercial and mixed-use assets • Residential tenants included 100+ live-work lofts • Handled all interactions with the tenants, including basic communication, repair requests,

complaints, legal issues and security issues • Supervised a security team of four full-time contracted personal • Commercial tenants included Home Depot, Ralph’s, Starbucks, and McDonalds • Residential leases were long-term, usually averaging two years • Residential retention rates and occupancy rates were at records highs during the seven years of

supervision Real Estate Agent California Bureau of Real Estate License Number 01511588 2005 – Current

• Full-time real estate salesperson and Realtor, having worked at the following brokerages: o Sotheby’s International Real Estate (Los Feliz) o Marcus & Millichap Real Estate Investment Services (Los Angeles) o Keller Williams Realty (Los Angeles)

• Sold residential and multifamily properties on LA’s hip Eastside • Current Average sale price is $1,265,000, with over • Completed complex institutional transactions and numerous national 1031 exchanges • Completed institutional tax credit sales

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Resume – David Bramante – Page 3 of 3

Awards

• Marcus & Millichap o National 2009 Rookie of the Year Award o National 2010 Pace Setter Award for sales volume and record prices

• Zillow / Trulia o National Top 40 under 40 award

Skills

• Language English (Fluent), Spanish (Intermediate), along with Computer Languages HTML (Advanced), CSS (Intermediate), and Rudy on Rails (Intermediate).

• Business Brokerage, Construction, Legal, Accounting, Contracts, Negotiation, Conflict Resolution, Coaching, Public Speaking, Research, Writing, Reading, Team Building, Meeting Minutes, Marketing, Conference / Video Calls, Budgeting, Goal Setting, Coaching, and Marketing.

• Software

Yardi, AppFolio, Quickbooks, Intuit Payroll Service, Microsoft Office Suite (Word, Excel, PowerPoint), and Adobe Creative Suite (Photoshop, Illustrator), Social Media (Instagram, Facebook, LinkedIn), Google Suite (Gmail, Adwords, Docs, Forms), Dropbox, and Docusign.

Education

• Communication Process Communication Model (PCM) MUSE, Calabasas 2017

• University University of California, Los Angeles Bachelor of Arts Major in Business, Graduated with Honors 2000 – 2004

• High School Pacific Palisades Charter High School, Pacific Palisades General Education, with Numerous Advanced Placement and Honors Courses Graduated with Honors 2000 – 2004

Personal

• Born and raised in Los Angeles • Married with two children • Interests include reading, writing, hiking, and traveling